Partners Innovation Fund

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Overview

The Partners Innovation Fund (PIF) is a venture capital fund created by Partners HealthCare (now Mass General Brigham) to invest in healthcare companies based on intellectual property from its research institutions. Launched in 2008 with an initial $35 million commitment, it has grown to $171 million, supporting 37 portfolio companies and spin-offs focused on advancing science, technology, drugs, and digital solutions originating from Partners researchers.¹²

History

The Partners Innovation Fund was established in 2008 by Partners HealthCare to advance new science and technology based on its intellectual and financial capital.¹ It began with a $35 million commitment and expanded to $171 million through internal and external investments, backing 37 portfolio companies and spin-offs.¹² In 2019, it was joined by new funds including the Translational Innovation Fund ($50M over six years) and the Artificial Intelligence and Digital Translation Fund ($30M over five years) to address gaps in pre-clinical life sciences, AI, and digital technology.¹

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